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FYI in 2025 deductible gambling losses will be limited to 90% of gambling income. so win $100K and lose $110K only $90K will be deductible if you itemized. the other $20K is lost. 
the other thing is that you cannot report income of the UTMA account as yours. 
misguided, insane. to Intuit it's the bottom line that counts. it probably has projected that the revenue from those switching from desktop to online will offset the loss of desktop users.  desktop 5... See more...
misguided, insane. to Intuit it's the bottom line that counts. it probably has projected that the revenue from those switching from desktop to online will offset the loss of desktop users.  desktop 5 returns for 1 fee online $139 for 1 return based on 2024 pricing. 
form 8453 is only for those forms listed
unlikely 47% of all users since online users will still be able you use W10 with a supported browser.  7% of desktop users is a possibility but considering the pricing for online vs desktop, Intuit's... See more...
unlikely 47% of all users since online users will still be able you use W10 with a supported browser.  7% of desktop users is a possibility but considering the pricing for online vs desktop, Intuit's revenue could increase. for 2024 $80 desktop federal and one state + fee for state efiling and can efile up to 5 returns. online federal and state $139 for one return + ? for state efiling.  so desktop users can efile 2 returns for $80 + any state efiling fees. online two returns cost $278 + any state efiling fees, so over 3 times the revenue for Intuit for those users that do multiple returns online vs desktop. 
I have the desktop version which I bought from Costco in January 2025.  Today, I was about to file my state tax return.  I was due a $10 credit and my payment due was to be $15 (plus tax, of course).... See more...
I have the desktop version which I bought from Costco in January 2025.  Today, I was about to file my state tax return.  I was due a $10 credit and my payment due was to be $15 (plus tax, of course).  I have a screen shot.  However, after I had entered my credit card info and was about to press "submit", I saw that I had not received the credit at all, and my charge was $25 plus state tax.  This should not have happened.  How can this be fixed?
Full time faculty and recently married. Spouse will be attending undergraduate program starting in a few weeks. The school is aware and has copies of our marriage license/certificate and spouse has b... See more...
Full time faculty and recently married. Spouse will be attending undergraduate program starting in a few weeks. The school is aware and has copies of our marriage license/certificate and spouse has been awarded tuition remission. Must I file a new w2? How do I fill it out? Must we file joint can we file separate and still remain untaxed for the tuition remission? Does she have to be my dependent? We's prefer to be married/file separate but don't want to mess up the paperwork. Thanks
$2000  per child is the maximum.   The "additional child tax credit" is a different way of calculating the same child tax credit.   The main credit can only offset taxes you owe, it can't be refu... See more...
$2000  per child is the maximum.   The "additional child tax credit" is a different way of calculating the same child tax credit.   The main credit can only offset taxes you owe, it can't be refunded if you owe less than $4000 of tax (in your case).  The "additional child tax credit" can be refunded even if you owe no tax, but only if you have income from working.  Since you already qualify for the full $2000 child tax credit, the "additional child tax credit" is ignored. 
Filing of the return is based on IRS records. Rejection of the amended return for said reason means you can file revised correct 1040 rather than 1040-X.   If TurboTax says you e-Filed, US Mail is... See more...
Filing of the return is based on IRS records. Rejection of the amended return for said reason means you can file revised correct 1040 rather than 1040-X.   If TurboTax says you e-Filed, US Mail is your fallback option. @helenehallowell 
The first estimated payment is for Jan1 - March31 due Apr 15. If your estimated tax plus withholding is not 25% of your Required Annual Payment , then you can be penalized,  This is the simplified ... See more...
The first estimated payment is for Jan1 - March31 due Apr 15. If your estimated tax plus withholding is not 25% of your Required Annual Payment , then you can be penalized,  This is the simplified formula, default. Bulking up the second payment to reach 50% can zero your penalty on the 2nd  period.   Otherwise, use Form 2210 Schedule AI to further reduce or eliminate penalties,   @Bob4FrenchFries    Required Annual Payment is the smaller of 90% of the year's tax or 100% ( 110% for certain high income taxpayers) of the prior year's tax.    
The problem with the FAQ is step 8:   > Continue through the screens to make the necessary changes to your state return.   In my case the "necessary changes" include updating Federal Schedule A. ... See more...
The problem with the FAQ is step 8:   > Continue through the screens to make the necessary changes to your state return.   In my case the "necessary changes" include updating Federal Schedule A. This seems to trigger also doing a Federal amended return even though the Schedule A changes don't impact it (because I'm using the standard deduction).  
Thank you. But we have already completed the IP Pin step with the amended submission.    One more question...someone at the can IRS along the way said that our original return was never received so... See more...
Thank you. But we have already completed the IP Pin step with the amended submission.    One more question...someone at the can IRS along the way said that our original return was never received so the amended return will also be rejected. How do I prove that the original was already sent through TT and subsequently rejected in order for my mailed in amended return to be processed without further delay?
Accepted doesn’t mean Approved.   What does the IRS say?   When you filed was your return Accepted?   When you efile you get back 2 emails.  The first email only confirms the transmission.  The secon... See more...
Accepted doesn’t mean Approved.   What does the IRS say?   When you filed was your return Accepted?   When you efile you get back 2 emails.  The first email only confirms the transmission.  The second email says if the IRS (or state) Accepted or Rejected your efile.  And check your spam folder for them.  When you log into your account you should also see the status and if it was Accepted or Rejected, Started, Printed, Ready to Mail, etc.  What does it say?   How to check the efile status https://ttlc.intuit.com/turbotax-support/en-us/help-article/electronic-filing/check-e-file-status/L9XhHDPtD_US_en_US
@ anthonybrewington21 wrote:  I filed my 2024 tax refund on the IRS app it says it has not yet been accepted but on credit karma it says it has I didn’t get no notice n I been waiting since march 1... See more...
@ anthonybrewington21 wrote:  I filed my 2024 tax refund on the IRS app it says it has not yet been accepted but on credit karma it says it has I didn’t get no notice n I been waiting since march 11 Why wouldn’t they send my money if it says it has been accepted   The IRS does not use the word "accepted" for a refund.   "Accepted" refers to the initial efile status.   Don't confuse "accepted" with "approved."    Did you mean to say that the IRS shows that it has not yet been "approved?"   What is currently showing at the IRS "Where's My Refund" tool in a browser: https://www.irs.gov/wheres-my-refund Is there any message there?   Depending on what you see there, we may be able to tell you how to check on it.   Here are some tips when using that IRS WMR tool:   Be sure you enter the correct tax year, SSN, and filing status. Be sure you are using only the Federal refund amount.   Do not include any state refund or any total refund or net refund (Fed and State) that TurboTax may have provided on a summary screen.   Look at your actual Federal return to get the Federal refund amount to use in the tool, i.e., your Form 1040, Line 35a.
Should I amend my 2024 1040 return if I own digital assets?
Gambling To enter the W-2G  or other documents For your Gambling winnings--Go to Federal>Wages & Income>Less Common Income>Gambling Winnings You can enter your winnings, and then keep clicking th... See more...
Gambling To enter the W-2G  or other documents For your Gambling winnings--Go to Federal>Wages & Income>Less Common Income>Gambling Winnings You can enter your winnings, and then keep clicking through the interview to enter gambling losses.   https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses   Gambling winnings are taxable income.  Losses are an itemized deduction.  If you do not have enough itemized deductions to exceed your standard deduction, your losses will have no effect. https://blog.turbotax.intuit.com/income-and-investments/how-are-gambling-winnings-taxed-8891/     2024 STANDARD DEDUCTION AMOUNTS SINGLE $14,600    (65 or older/legally blind + $1950) MARRIED FILING SEPARATELY    $14,600    (65 or older/legally blind + $1550) MARRIED FILING JOINTLY $29,200    (65 or older/legally blind + $1550) HEAD OF HOUSEHOLD $21,900    (65 or older/legally blind + $1950)